Understanding The New Economy Of Currency

Understanding The New Economy Of Currency

If you’re like me, the world of Bitcoin and cryptocurrency is both fascinating and intimidating. For years, I’ve been hearing stories about this all-digital monetary system helping early adopters strike it rich. Or, how crypto will soon disrupt our well-established financial structures. Still, interesting as it all sounded, I couldn’t say I fully understood it. … Read more…

Billionaire Venture Capitalist: Bitcoin (BTC) on the Verge of Rendering Fiat Currency Obsolete

Billionaire Venture Capitalist: Bitcoin (BTC) on the Verge of Rendering Fiat Currency Obsolete

  Fiat currency is on the way out, says billionaire venture capitalist Tim Draper. In a recent episode of VC Hunting with Peter Saddington, the crypto supporter, known for his early investments in tech companies with transformative technologies, such as Tesla, Skype and Coinbase, predicts the widespread adoption of Bitcoin over the next decade as … Read more…

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Could Bitcoin Be Replaced By a Bank-Based Digital Currency?

There is great fear traveling through the crypto space… Fear that somewhere down the line, bank-issued cryptocurrencies will somehow replace bitcoin and its altcoin counterparts. Will Bitcoin Be Replaced? But is that fear valid? We need to look at a few facts before we can make an official decision. For one thing, these cryptocurrencies issued … Read more…

West African 'Eco' currency sparks division over timetable and euro peg

West African ‘Eco’ currency sparks division over timetable and euro peg

Economic Community of West African States member countries flags on world map with national borders Getty Images Having announced the retirement of French colonial currency the CFA franc, the eight countries of the West African Economic and Monetary Union (WAEMU) are hoping to see a new common currency in place this year. However, a speedy … Read more…

US Congress Weighs Bitcoin for Coffee and Pizza, Introduces Virtual Currency Tax Fairness Act of 2020

US Congress Weighs Bitcoin for Coffee and Pizza, Introduces Virtual Currency Tax Fairness Act of 2020

  People don’t pay capital gains taxes every time they buy a slice of pizza or a cup of coffee using US dollars. But that’s not the case for consumers who want to use Bitcoin. While crypto naysayers often criticize Bitcoin’s lack of mainstream traction as an everyday currency, supporters in Congress are pointing out … Read more…

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Bitcoin is on its best start-of-year streak since 2012 | Currency News | Financial and Business News

David Gray/Reuters Bitcoin is up about 22% in the first 15 days of the new year, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. The digital currency is nearing the $9,000 threshold just two weeks into 2020, and crypto-enthusiasts expect institutional interest to drive prices higher through the year. … Read more…

US won't consider China a currency manipulator ahead of trade deal

US won’t consider China a currency manipulator ahead of trade deal

Chinese Vice Premier Liu He (2nd L) says goodbye to U.S. Treasury Secretary Steven Mnuchin as they break from meetings at the USTR offices May 10, 2019 in Washington, DC. Chip Somodevilla | Getty Images The United States will remove China from a list of countries considered currency manipulators just two days before top trade … Read more…

Gold

No, bitcoin is not the new gold | Currency News | Financial and Business News

Shutterstock Bitcoin bulls like to claim that bitcoin is a great haven investment, like gold, in times of geopolitical uncertainty. “These people ignore all the times that it moves inversely with sentiment,” says Oanda’s Craig Erlam. “Bitcoin is not gold and certainly not gold 2.0,” he said. Watch gold trade live here. Watch bitcoin trade … Read more…

How Bitcoin Processing Units Are Being Used For Mining Digital Currency

It’s a famous fact that bitcoin mining hardware has changed by leaps and bounds lately due to the growth of new central processing units in the marketplace. The new machines may conduct Bitcoin processing at a faster rate when compared with the computers of yesteryear. Furthermore, they consume less power. Field programming team array processors … Read more…

From crypto currency to chocolate – where to spend your Bitcoin

From crypto currency to chocolate – where to spend your Bitcoin

I have made a few dollars in BitcoinSV since I started paying to post on blockchain-based apps like Twetch. I have been investigating whether paying to post will shape the future of the social internet. But where can you spend your hard earned Bitcoin? With a lot of help from Twitter users @Street5Wall, $DiegoSV, and … Read more…